NewsFeeder
10-10-2018, 08:20 AM
Imperva to be bought in a deal valued at $2.1 billion by Thoma Bravo
Imperva Inc. announced Wednesday a deal to be acquired by private equity firm Thoma Bravo LLC in a deal valued at $2.1 billion. Imperva's stock was halted for news until 9:50 a.m. ET. Under terms of the deal, Imperva shareholders will receive $55.75 in cash for each Imperva share they own, which is 29.5% above Tuesday's closing price of $43.06, and the highest level seen during regular session hours since July 26. The deal includes a 45-day "go shop" period in which the cybersecurity company may solicit other acquisition proposals. Separately, Imperva said it expects third-quarter revenue of $90 million to $92 million, above the FactSet consensus of $88 million. The stock has tumbled 17% over the past three months, while the S&P 500 has gained 3.1%.
https://finance.yahoo.com/m/a2bb6bcb-5556-3486-8a65-f05cf31638b7/imperva-to-be-bought-in-a.html?.tsrc=rss
Imperva Inc. announced Wednesday a deal to be acquired by private equity firm Thoma Bravo LLC in a deal valued at $2.1 billion. Imperva's stock was halted for news until 9:50 a.m. ET. Under terms of the deal, Imperva shareholders will receive $55.75 in cash for each Imperva share they own, which is 29.5% above Tuesday's closing price of $43.06, and the highest level seen during regular session hours since July 26. The deal includes a 45-day "go shop" period in which the cybersecurity company may solicit other acquisition proposals. Separately, Imperva said it expects third-quarter revenue of $90 million to $92 million, above the FactSet consensus of $88 million. The stock has tumbled 17% over the past three months, while the S&P 500 has gained 3.1%.
https://finance.yahoo.com/m/a2bb6bcb-5556-3486-8a65-f05cf31638b7/imperva-to-be-bought-in-a.html?.tsrc=rss